Refer to the Following Graph of an Action Potential to Answer

question 1

Multiple Choice

Refer to the following graph of an action potential to answer the question. Which Roman numeral in the graph indicates the falling phase of the action potential?

• A) I
• B) II
• C) III
• D) IV

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Definitions:

Tariff

A tax imposed on imported goods and services to raise their price and protect domestic industries.

Total Surplus

Total surplus is the sum of consumer surplus and producer surplus in a market, representing the total benefits to society from trading goods and services.

Oranges In South Africa

Refers to the cultivation, production, and market dynamics of oranges within the South African agrarian economy.

Tariff

A tax imposed on imported or, less commonly, exported goods, used to regulate trade and protect domestic industries.